Senior Portfolio Manager (Direct Indexing) at Vestmark, Inc.

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About Vestmark

Headquartered outside of Boston, MA, Vestmark is a leading provider of portfolio management and trading solutions for the wealth management industry.  Supporting over $1.5 trillion in assets and 5 million accounts, Vestmark is a trusted partner to some of the largest and most respected wealth management firms, offering an innovative SaaS platform and comprehensive suite of outsourced services. Founded in 2001 with the mission of improving investment outcomes for all investors, Vestmark is a privately-owned company on the forefront of innovation and disruption of the FinTech industry.

About Vestmark Advisory Solutions (VAS)

Vestmark Advisory Solutions (VAS) is a wholly owned subsidiary of Vestmark Inc. that combines deep investment expertise with the power of Vestmark’s industry leading technology to offer best-in-class investment management solutions. VAS is a registered investment advisor with $1.6 billion AUM.  The investment team at VAS is responsible for managing Vestmark’s new and growing suite of personalized investment products and services including direct indexing, ESG preferences and personalization, tax transition, and customized tax management across multiple asset classes. VAS is also responsible for Vestmark’s Model Trading Services and industry leading Manager Marketplace.


THE ROLE

Vestmark has been supporting clients’ direct indexing solutions for more than a decade.  As we embark on our next stage of growth and evolution, Vestmark Advisory Solutions seeks a Senior Portfolio Manager to help lead and expand our initiatives in direct indexing.  This person will be a senior member of the investment team and play a critical role in the development and launch of direct indexing solutions, overseeing the management of personalized portfolios, as well as leading and mentoring other members of the investment team over time.  In addition, the senior portfolio manager will act as a thought leader in direct indexing, working with stakeholders to drive the growth of personalization solutions as well as new products and asset classes.  This position can be based out of Wakefield, MA, Jersey City, NJ, or Remote

Key Responsibilities: 

  • Be a key contributor in the development and implementation of direct indexing solutions
  • Oversee ongoing portfolio management of direct index portfolios including portfolio construction, rebalance, tax transition and tax optimization
  • Provide and present performance analysis, portfolio reporting and monitoring of direct index strategies
  • Work closely with product, sales, client operations to ensure client success and delivery of client investment objectives
  • Collaborate with internal stakeholders to improve investment processes, and enhance investment management tools and systems
  • Provide subject matter expertise to mentor and educate team members and internal stakeholders
  • Support sales, marketing, and corporate strategy to provide thought leadership and drive growth and adoption of personalized solutions

Qualifications:

  • Bachelor’s degree in a relevant field required, Graduate degree and CFA designation strongly preferred
  • 10+ years of investment management experience with majority in hands-on portfolio management
  • Experience managing direct index portfolios in a fast-paced and highly scalable environment
  • Experience in tax loss harvesting and maximizing tax efficiency
  • Expertise in direct indexing, ESG and sustainability investing, tax alpha generation, and related data, tools and processes to implement as such
  • Sound understanding and extensive experience using equity risk models and portfolio optimizers
  • Experience working with technology and operations in building and implementing investment processes and systems
  • Effective leader and mentor with strong organizational skills, results oriented
  • Excellent communication and collaboration skills, team-player
  • Strong quantitative and analytical skills
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An Insider's view of Vestmark, Inc.

What are some social events your company does?

At Vestmark we have a fun committee that plans two to three events per quarter including company and family events. Our events include paint nights, chili cookoffs, meditation sessions, cornhole tournaments, movie nights, and so much more. . We are strong believers that providing a fun work culture promotes individual growth and teamwork

Haley

Marketing Analyst

What's the biggest problem your team is solving?

It’s my job to educate users on the best ways to use our product. While anyone can push the buttons, I always ask “why?” and “what is the user trying to accomplish?” I'm not only demonstrating the product, but also the value it adds to the workflow of the customer. By interacting with users, we are not just teaching but also learning.

Jenny

Staff Trainer

How has your career grown since starting at the company?

My time at Vestmark has been like a "choose your own adventure" novel. I joined the company as a mid-level software engineer but have since grown into the role of a technical lead, to an engineering manager, and now helping to drive our agile transformation. I truly believe that Vestmark thinks that I should be in the driver's seat of my career.

Bobby

Engineering Manager

What is your vision for the company?

My vision for Vestmark is two-fold. First, to provide an awesome workplace where people can be challenged, have fun and be rewarded. Second, to truly help the financial well-being of investors by enabling financial advisors and institutions to efficiently manage and trade their clients’ portfolios through an innovative SaaS platform.

John

Vice Chairman

What are Vestmark, Inc. Perks + Benefits

Vestmark, Inc. Benefits Overview

Vestmark's biggest focus is our people. Our corporate health is dependent on our employee's well being. Across the company, we maintain an attractive standard of competitive benefits.

Culture
Volunteer in local community
Vestmark has a Charitable Committee that focuses on contributing in many ways to helping the environment and supporting the philanthropic interests of our employees. Your cause is our cause.
Friends outside of work
Eat lunch together
Intracompany committees
Vestmark has a fun committee that manages monthly fun events and programs. A few examples of our events are our annual chili cook off, ugly sweater contest, and MUCH more!
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Diversity
Unconscious bias training
Diversity Employee Resource Groups
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Vestmark employees can contribute up to $2,750 annual to their FSA, $5k annual for dependent care, and participate in our employeer funded HSA program.
Disability Insurance
Dental Benefits
Our dental plan covers $1500 of expenses and Vestmark contributes 90% towards the cost!
Vision Benefits
Health Insurance Benefits
Vestmark contributes 90% towards the cost of the employee insurance plans!
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
In additional to our traditional 401(k) program, we also offer a ROTH 401(k) option for our employees.
401(K) Matching
Vestmark provides employees with a traditional 401(k) and ROTH 401(k) matching plan. We match 50% of contributions up to 8% of our employee's annual gross pay.
Company Equity
Vestmark also offers additional compensation in the form of restricted stock options. Our RSU’s are issued through a vesting and distribution schedule after achieving required milestones.
Performance Bonus
Match charitable contributions
Vestmark is very proud of our Charitable Giving Program. Will will match up to $250 annually to an approved charity of our employees choice.
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide 12 weeks of paid parental leave for the primary caretaker and 2 weeks of paid leave for the secondary caretaker.
Flexible Work Schedule
Vestmark provides employees with a flexible work schedule that includes flex start and end times.
Remote Work Program
Family Medical Leave
Adoption Assistance
Vestmark offers up to 12 weeks of paid parental leave for an adoption event.
Return-to-work program post parental leave
Company sponsored family events
Vestmark sponsors family oriented events including a summer event and our annual Halloween trick or treat event.
Vacation & Time Off Benefits
Generous PTO
3 weeks - prorated from start date. Additional day for each year of service up to 10 years.
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Vestmark hosts company events throughout the year.
Game Room
Stocked Kitchen
Happy Hours
Parking
Professional Development Benefits
Job Training & Conferences
Vestmark offers employees professional development opportunities for our employees including the ability to attend internal job training and external conferences.
Diversity Program
Lunch and learns
Vestmark hosts lunch and learn and leadership development meetings once a month.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Creating a strong work life balance is important to us, this is why we offer our employees a generous paid time off package. This benefit enables employees to take the time they need to achieve a desired level of harmony between work at Vestmark and life outside of the office.

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